Pak Parliament passes tax-laden budget ahead of talks on fresh IMF loan

Quick Summary:

Non-tax revenue, including petroleum levies, is seen increasing by a whopping 64 per cent.

The tax would increase to 18 per cent on textile and leather products as well as mobile phones besides a hike in the tax on capital gains from real estate.

Muhammad Aurangzeb, Pakistan’s finance minister, during an interview in Islamabad, Pakistan, on Friday, March 22, 2024.

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Article Details

Category: BusinessFinance

Markets: IndiaPakistan

Topics: World Bank Gross borrowing IMF policy change IMF Pakistan economy International Monetary Fund Pakistan economic crisis Pakistan economy IMF surcharges Pakistan government

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 14:58:59 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 462 words

Reading Time: 3 minutes read

Sentences: 20 lines

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Copyright Owner: © Business Standard

News ID: 21408735

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